Business & Finance News

Karachi: A significant transaction within Elahl has come to light, where Safina Danish, a director at the company, purchased 12,000 shares on July 5, 2024. The shares were bought at a rate of Rs. 17.99 each and were registered in the Central Deposit...

Karachi: In a recent development within Pakistan’s financial markets, the JS Momentum Factor Exchange Traded Fund (JSMFETF) has temporarily halted trading due to a delay in its scheduled rebalancing activity, originally set to conclude today. In a n...

Karachi: In a significant corporate restructuring, MCB Bank Limited announced the approval of a scheme for the transfer of several branches to its fully owned subsidiary, MCB Islamic Bank Limited, following resolutions passed in an extraordinary gener...

Karachi: United Bank Limited (UBL) has successfully completed the sale of its shareholding in United National Bank Limited (UNBL), UK, as confirmed today. The transaction, finalized on July 5, 2024, followed all necessary regulatory approvals as req...

Karachi: Citi Pharma Limited has officially appointed Mr. Ghulam Dastgeer as the new Company Secretary, effective from July 1, 2024. This strategic appointment comes as part of the company's ongoing efforts to strengthen its management team and enhanc...

Karachi: The Chief Executive Officer of MCB Investment Management Limited, the managing entity for Alhamra Islamic Money Market Fund (ALHIMMF), declared today that a dividend distribution has been sanctioned by the Board of Directors. According to inf...

Karachi: The Chief Executive Officer of MCB Investment Management Limited, managing the Alhamra Daily Dividend Fund (ALHDDF), announced today a new dividend distribution. According to information available from the Pakistan Stock Exchange (PSX), the b...